Income and wealth inequality among Canadian households is increasing at record speed amid inflation and rising interest rates, and younger households are bearing the financial burden, a new report from Statistics Canada shows.
The wealthiest 20 per cent of households controlled more than two-thirds — nearly 68 per cent — of the total net worth in Canada in the first quarter of 2023, while the least wealthy 40 per cent accounted for 2.7 per cent, the federal agency reported on Tuesday.
